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Government
Government buoys office market: Downtown vacancy rate drops as agencies expand
July 23, 2007
Cory SchoutenDowntown's anemic office market has shown signs of life over the last few months, but that doesn't mean companies are taking
more space and pushing occupancy rates higher. Credit goes to the government. State and local agencies absorbed roughly 175,000
square feet of office space during the second quarter of 2007, pushing the vacancy rate down to 15.9 percent, roughly a point
lower than in the first quarter. The deals include 50,000 square feet for the Public Defender's Office in...
MoreEYE ON THE PIE: Taxes pay for what Hoosiers want
July 23, 2007
Morton MarcusGood people, me included, have been making dumb statements about the property tax mess in Indiana. The problem is that we
don't know enough to talk or write intelligently on the topic. The result is that we can be led by our noses into an even
worse mess. "Abolish the property tax!" some demand. Then what? Abolition of the property tax means raising some other taxes
or fees, unless government spending on services decreases. The state has been urging counties...
MoreNOTIONS: A property tax sigh of relief and a reform wish list
July 23, 2007
Bruce HetrickThe nightstand clock reads 5:17. Too early to wake up. But hey, I've been tossing and turning for hours, so why lie here any
longer, pretending? The cause for this night's insomnia is money. Money for two kids starting college. Money to replace the
Money to paint the house. Money for employees' salaries. Money for employees' parking. Money for employees' retirement. Money
for employees' health insurance. Money for their families' health insurance. Money to get the yellow highway paint off...
MoreVIEWPOINT: Domestic 'insourcing' our way to job growth
July 16, 2007
Joe HornettAnchor Lou Dobbs of CNN is a pest to some folks and a hero for others. His recurring economic message laments a view of U.S.
workers losing out as companies send jobs overseas. Dobbs' critics, of course, cite his convenient omission of the many interna
tional companies that invest in U.S. communities through new manufacturing plants, research facilities and other initiatives.
Love the debate or detest it, but consider this: Hasn't Dobbs helped stir a discussion about how the new...
MoreSpeeding Toward Better Health: Regenstrief Institute continues to fine-tune a medical-records system that many think could
someday become a national model
July 16, 2007
J.K. WallRegenstrief Institute continues to fine-tune a medical-records system that many think could someday become a national model
The Regenstrief Institute is a racing team. Only instead of drivers and grease monkeys, the Indianapolis-based medical research
group has doctors and computer geeks. And instead of a race car, Regenstrief runs a massive computer database with 35 years
of medical records from Indianapolis-area patients. But Regenstrief's mission is still all about speed. The not-for-profit
is driving to discover better ways to care...
MoreEYE ON THE PIE: Health care and the pursuit of happiness
July 16, 2007
Morton MarcusSome people believe the Fourth of July grants them liberty to disturb the night with their firecrackers. My pursuit of happiness
is in conflict with theirs and I want them jailed. We all gladly infringe on the liberties of others while in pursuit of our
own happiness. For example, should motorcyclists wear helmets? Yes, if all of us expect to pay their hospital bills (through
higher premiums) and maintain them on disability after they have head injuries that might be...
MoreRichest soon may assume larger share of tax burden: BULLS & BEARS
July 16, 2007
Ken SkarbeckThe rise in property taxes and a doubling of the Marion County income tax have residents steaming. Yet as IBJ columnist Ron
Gifford noted in his column last week, you can argue about which taxes legislators should increase-whether on property, income
or sales-but the fact is that governments need more revenue, and, therefore, a variety of taxes are rising. Paying tax is
not the most pleasant of human endeavors. However, in a capitalistic society, taxes are necessary and, when applied...
MoreIndustry takes deep breath over ozone: Tougher EPA standards could force costly emission controls, choke economic growth
July 16, 2007
Chris O\'malleyJust when the nine-county metro area appeared back in the good graces of the federal government where ozone levels are concerned,
the feds want to tighten the standard once more. Manufacturers and other businesses that pump pollutants into the air that
combine with sunlight to produce ozone are "apprehensive" about the proposed new rules, said Patrick Bennett, vice president
of environmental, energy and infrastructure at the Indiana Manufacturers Association. Businesses in non-attainment counties
face possible restrictions on expansion of facilities...
More2nd Globe expands in Canada: Young & Laramore founder to head new office
July 9, 2007
Anthony SchoettleDavid Young, co-founder of one of the city's largest advertising agencies, is packing his bags and heading for Vancouver,
British Columbia. This month, Young will oversee the opening of agency Young & Laramore's first Canadian office, which is
being set up to grow the firm's 2nd Globe division in the Pacific Northwest. 2nd Globe, a 12-year-old division dedicated to
bringing art, architecture and commerce together, is the brainchild of Young and is known for its work on several high-profile
central...
MoreBEHIND THE NEWS: Judge in fraud case fines Brightpoint defendant $50,000
July 9, 2007
Greg AndrewsA federal judge in a high-profile fraud case has slapped a former Brightpoint Inc. manager with a $50,000 fine-a relatively
modest sum, but one the manager says he lacks the resources to pay. Judge Harold Baer of U.S. District Court in Manhattan
late last month assessed the fine against Tim Harcharik, the former director of risk management for the wireless phone wholesaler.
Harcharik, 53, was the sole remaining defendant in a securities fraud lawsuit the SEC brought in 2003 against...
MoreECONOMIC ANALYSIS: Big Three carmakers' slide will not be easy to reverse
July 9, 2007
Patrick BarkeyThe last writings of the late novelist Kurt Vonnegut portrayed the Americans of today as "drunk" on fossil fuels. Of course,
that's only partly true. What we're really addicted to are the machines we pour the fuel into, especially the automobile.
We have more registered vehicles in this country than we have drivers. In 2005, we collectively drove more than 3 trillion
miles in our vehicles-15,000 miles for each of the nation's 199 million drivers. And the numbers go up...
MoreEYE ON THE PIE: Indiana property taxes, explained
July 9, 2007
Morton MarcusIt was a beautiful sunny Hoosier day and I was delighted to see Faye of the Forest perched on my deck railing. "Hey, Faye,"
I said. "What's up?" "My property taxes are up," she said, with irritation in her voice but a tear in her eye. "You know my
little treehouse. I've lived there for years and the taxes keep going up. Why? What is going on?" "I hate to say this," I
said, "but the explanation gets more complicated...
MoreCommentary: We can learn some things from Turkey
July 9, 2007
Tom HartonTurkey isn't high on the list of countries Americans visit. Tell friends you're going to France and they congratulate you.
Tell them you're going to Turkey, and they ask why. They might follow the why with a reference to the movie "Midnight Express,"
a 1978 film about an American's nightmarish experience in a Turkish prison. Midnight Express had such a negative effect on
Americans' perceptions of Turkey that the man who wrote the book the movie is based upon recently...
MoreCity steps up effort to help immigrants: Mayor's wife spearheading program to better acclimate newcomers
July 2, 2007
Scott OlsonThe burgeoning number of immigrants arriving in Indianapolis have a new source available to help them navigate unfamiliar
surroundings and the kaleidoscope of social support systems available. The Immigrant Welcome Center is a program launched
in October that uses volunteers dubbed "natural helpers" to link foreign newcomers to such basic needs as health care, government
and transportation services. Although the effort is nearly 9 months old, it's just now getting up to speed as organizers are
interviewing candidates to lead...
MoreCommentary: Don't like new taxes? Voter, blame thyself!
July 2, 2007
Abdul-Hakim ShabazzA lot of people across Marion County are going to be upset this month as their property tax bills start landing on their doorsteps.
Taxes are expected to increase an average of 24 percent. Although that means there will be some people with tax increases
much less, there will be a lot more with increases way above that number. I've already heard stories of 30-percent increases
in tax bills, 50-percent increases, and one poor soul told me he got a...
MoreECONOMIC ANALYSIS: Long spoiled by low rates, nation now faces increase
July 2, 2007
Patrick BarkeyIt wasn't long ago that writing an economic analysis column meant-surprise-that you analyzed the ups and downs of the economy.
And if you came of age in the 1960s and '70s, there were plenty of ups and downs to keep track of. Volatility in just about
everything was higher then, with strikes, inflation and more frequent recessions the order of the day. And even though that
environment has changed remarkably since the mid-'80s, the habit of peering at the data...
MoreLegislators to look at mass transit's potential: Review is timely for backers of a northeast transit line
July 2, 2007
Chris O\'malleyIf a downtown-to-Fishers mass transit system ever happens, its first stop-figuratively, at least-will be at the Statehouse.
There, at least one legislator could be influential in getting the state's help toward building a system that could cost upwards
of $1.5 billion, depending on the type of transit vehicle used. Rep. Terri J. Austin, D-Anderson, who chairs the House Roads
and Transportation Committee, plans to convene a summer study committee in August that will look at the state's future in
mass...
MoreBULLS & BEARS: Answers to tax questions are sometimes surprising
July 2, 2007
Ken SkarbeckTaxes are always a consideration in investment decisionmaking. Investors need to be vigilant to changes in the tax code, because
from year to year there may be changes that can affect the choices they make. And while there are some broad tax generalities,
an individual's tax profile is specific to that person. Navigating the tax code can be daunting. Yet with some tedious reading
and a strong dose of common sense, investors can arrive at rational decisions. I have found...
MoreEYE ON THE PIE: Here's government behavior at its best
June 25, 2007
Morton MarcusAt last, the professional basketball season is over. At last, the saga of the Sopranos is ended. The Cubs, the Cards, the
White Sox and the Reds are in their usual states of disgrace. Our governor has announced his candidacy for reelection. There
seem to be no surprises in our world. How normal are things? Consider this: Indiana and Illinois have agreed on reciprocal
discounts for motorists on their toll roads. If you live in DeKalb County, Indiana, and visit...
MoreTax hike may finally settle police pension problem: Measure could end 30-year battle over public safety
June 25, 2007
Peter SchnitzlerThe Indianapolis-Marion County City-County Council is considering a proposal from Mayor Bart Peterson to raise at least $85
million annually for public safety through an increase in local income taxes. Since Democrats control the Council 15 to 14,
the measure is expected to pass by the end of July and take effect Oct. 1. The tax hike would finally settle a 30-year battle
that constantly pitted public safety's immediate needs against its longterm pension obligations. Much of the revenue generated...
MoreBar program takes aim at loan debt: Legal aid attorneys can get relief
June 25, 2007
Scott OlsonIn 2037, Melody Goldberg will be 57 years old and eligible for membership in AARP. While the lawyer at Indiana Legal Services
Inc. has difficulty relishing the thought, she can at least look forward to the time when she's finally liberated of her student
loans. But for now, Goldberg, 27, can take solace as well knowing she's content at the public service job she enjoys without
worrying about how she's going to make her next loan payment. The 2006 graduate...
MoreAs barriers drop, even small firms go global: Local company pushed its blood monitor worldwide
June 25, 2007
J.K. WallHere's one way to send your company's revenue through the roof: Push your product into 70 countries around the world. That's
easier said than done, of course. But it's exactly the path Polymer Technology Systems Inc. took to help quadruple sales of
its cholesterol-checking device in the last three years. How Indianapolis-based PTS pulled off the feat shows how even small
companies in Middle America can become global enterprises in today's economy. In fact, the possibility of worldwide expansion
is...
MoreECONOMIC ANALYSIS: Will state's job growth always trail nation's?
June 18, 2007
Patrick BarkeyYou usually have to swallow your pride when it comes time to forecast the growth of the Indiana economy. That's because no
matter what your heart says, your head tells you what the best forecast will be. That is the one that pulls up well short
of growth in the rest of the country. There are a lot of talented people working hard around the state trying to change that.
And if the full truth be told, most of our...
MoreSurge in ethanol plants means transit adjustments: Study predicts increasing truck traffic, road issues
June 11, 2007
Scott OlsonThe road Indiana is traveling to help the nation reduce its dependence on foreign oil could be in for a bumpier ride than
even the worst Hoosier highways. Indiana is at the epicenter of the renewable fuels movement and has provided economic incentives
for the construction of a dozen new ethanol plants, four of which should be operating by the end of the year. Annually, the
380 million bushels of corn that will be used to make more than 1...
MoreVOICES FROM THE INDUSTRY: U.S. companies should evaluate Chinese tax changes
June 11, 2007
Jacqueline A.Over the past three decades or so, foreign investment has been fueling China's economic growth. Companies from around the
world have flocked to meet the needs of the largest population in the world: 1.3 billion citizens and counting. Shifts in
China's political climate have made this Asian country ripe for commerce, and foreign companies-especially in the United States-have
rushed in. Many U.S. manufacturers have been lured to China by tax holidays and reduced tax rates on income generated from
their...
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.